CFTC to hold open meeting on position limits on Nov. 5

WASHINGTON

WASHINGTON Oct 23 The Commodity Futures Trading
Commission, the U.S. derivatives regulator, said it would hold a
public meeting on Nov. 5 to decide on a rule that would severely
curtail the ability of banks to speculate in commodity markets.

The CFTC is putting the final touches on a revised rule on
so-called position limits, even as its lawyers are preparing to
defend the original rule, which was knocked down by a U.S. court
last year.
(Reporting by Douwe Miedema. Editing by Andre Grenon)